Determinants of recent inflation in Pakistan: Revisit

Artikel

This paper explores the short and long run dynamics of inflation in Pakistan using Johansen Co-integration Technique covering data from 1972-73 to 2012-13. Consumer Price Index (CPI), Exchange Rate (ER), Government Borrowing (GB), Non-Government Borrowing (NGB), Real GNP (RGNP), Indirect Taxes (IT), Growth Rate of Money Supply (GMS), Import Price Index (IPI), Real Demand relative to Real Supply (RD/RS) and Wheat Support Price (WSP) Money Supply (MS) are taken as indicators. The result shows a long run relationship among the selected variables. It is found that the ER is the most significant factor of inflation in 2011-12, GB, IT, GMS, IPI, RD/RS. It represents the output gap consist of fiscal policy inflation is highly significant.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Pakistan Journal of Commerce and Social Sciences (PJCSS) ; ISSN: 2309-8619 ; Volume: 8 ; Year: 2014 ; Issue: 1 ; Pages: 170-184 ; Lahore: Johar Education Society, Pakistan (JESPK)

Classification and Topics

• Classification: Wirtschaft
• Subject: consumer price index ; inflation ; exchange rate ; government borrowing ; real GNP ; indirect taxes ; growth rate of money supply ; import price index ; wheat support price

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Ahmed, Qazi Masood ; Muhammad, Sulaiman D. ; Noman, Muhammad ; Lakhan, Ghulam Rasool
• Event: Veröffentlichung
• (who): Johar Education Society, Pakistan (JESPK)
• (where): Lahore
• (when): 2014

Further information

• Handle: http://hdl.handle.net/10419/188132
• Last update: 10.03.2025, 11:43 AM CET